Austria: Iron Oxide Pigments Market Overview 2020

Iron Oxide Pigments Market Size in Austria

The revenue of the iron oxide pigments market in Austria amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, iron oxide pigments consumption continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, the iron oxide pigments market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Iron Oxide Pigments Production in Austria

In value terms, iron oxide pigments production stood at $X in 2018 estimated in export prices. In general, the total output indicated a perceptible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron oxide pigments production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Iron oxide pigments production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Iron Oxide Pigments Exports

Exports from Austria

In 2018, the iron oxide pigments exports from Austria amounted to X tonnes, rising by X% against the previous year. Over the period under review, the total exports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron oxide pigments exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, iron oxide pigments exports amounted to $X in 2018. Over the period under review, iron oxide pigments exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, iron oxide pigments exports reached their peak figure at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

China (X tonnes) was the main destination for iron oxide pigments exports from Austria, accounting for a X% share of total exports. Moreover, iron oxide pigments exports to China exceeded the volume sent to the second major destination, Taiwan, Chinese (X tonnes), twofold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan, Chinese (+X% per year) and Poland (+X% per year).

In value terms, China ($X) remains the key foreign market for iron oxide pigments exports from Austria, comprising X% of total iron oxide pigments exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan, Chinese (-X% per year) and Poland (+X% per year).

Export Prices by Country

The average iron oxide pigments export price stood at $X per tonne in 2018, falling by -X% against the previous year. Overall, the iron oxide pigments export price continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. In that year, the average export prices for iron oxides and hydroxides attained their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average export prices for iron oxides and hydroxides remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the countries with the highest prices were China ($X per tonne) and India ($X per tonne), while the average price for exports to Italy ($X per tonne) and Poland ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan, Chinese, while the prices for the other major destinations experienced a decline.

Iron Oxide Pigments Imports

Imports into Austria

In 2018, the iron oxide pigments imports into Austria totaled X tonnes, reducing by -X% against the previous year. Overall, iron oxide pigments imports continue to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, iron oxide pigments imports reached their maximum at X tonnes in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, iron oxide pigments imports amounted to $X in 2018. Over the period under review, iron oxide pigments imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, iron oxide pigments imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest supplier of iron oxide pigments to Austria, with a X% share of total imports. Moreover, iron oxide pigments imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Italy (-X% per year).

In value terms, the largest iron oxide pigments suppliers to Austria were Germany ($X), Italy ($X) and Denmark ($X), together comprising X% of total imports. These countries were followed by China, the UK, Spain and the Czech Republic, which together accounted for a further X recorded the highest growth rate of imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron oxide pigments import price stood at $X per tonne in 2018, jumping by X% against the previous year. In general, the iron oxide pigments import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the UK ($X per tonne), while the price for the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform